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Sep 30, 2012
09/12
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FBC
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lou: stock market closing out a terrific third quarter as ben bernanke's easy money policies make investors feel good. we take that up with lou, neant money line, stocks finishing lower on the day, but posting the third best quarter since 2010. the dow jones industrial's dropping 49 points. s&p is down six and a half, and nasdaq down 20, but still well off the lows of the day. dragging the market today, consumer spending, up just half a percent, increase because of higher gasoline prices. oversea, bank of spain releasing an audit showing seven of the countries failed stress tests despite anxiety about the eurozone. the big three indexes up 44% for the quarter. a federal judge today delivering a blow to the future trading commission and its effort to implement portions of the dodd-frank financial reform law. the judge rejected regulations that would have capped the amount of positions a trader can hold and the size of that position in various commodities. the chairman of the cftc says he's disappointed by the ruling and the agency is looking for new ways to get their way. well, my next guest
lou: stock market closing out a terrific third quarter as ben bernanke's easy money policies make investors feel good. we take that up with lou, neant money line, stocks finishing lower on the day, but posting the third best quarter since 2010. the dow jones industrial's dropping 49 points. s&p is down six and a half, and nasdaq down 20, but still well off the lows of the day. dragging the market today, consumer spending, up just half a percent, increase because of higher gasoline prices....
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and federal reserve chairman ben bernanke defended fed's policies for the first time since launching qe3, saying that fed needs to drive down borrowing costs because the economy is not growing fast enough to reduce high unemployment. surely there is a left in which employment can be created. >> there will belay offs at lockheed-martin in the beginning of the year, but they will not warn the employees of impeding li offs as it is legally retired to today, obama labor department told lockheed they do not need to abide by the law. telling lockheed it will cover potential legal costs if they incur any benpality, obama administration. clearly does not want those layoff notices delivered just days before the election. >> president obama downplaying expectations for wedneay's debate. saying he is an okay debater, according to a new washington post abc news poll, 55 percent of likely voters think that president will win this first debate, and 41% think that romney will win. joining me now, ed klein, author of "new york times" best seller "the amateur." great to see you, this is cute, the dow
and federal reserve chairman ben bernanke defended fed's policies for the first time since launching qe3, saying that fed needs to drive down borrowing costs because the economy is not growing fast enough to reduce high unemployment. surely there is a left in which employment can be created. >> there will belay offs at lockheed-martin in the beginning of the year, but they will not warn the employees of impeding li offs as it is legally retired to today, obama labor department told...
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Oct 1, 2012
10/12
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FOXNEWSW
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into rally faded after the fed chairman ben bernanke defended a controversy program to buy up $40 billion in mortgage debt every month until employment improves. the slowing economic recovery forced the feds to resort to such unusual measures after lowering interest rates to next to nothing failed to turn things around. critics of the plan say it could lead to inflation in the future. an amtrak train has derailed in central california after officials say a big rig truck slammed right into it just south of fresno. as many as 40 people reported hurt in the crash. when several cars jumped the tracks. trace gallagher in our west coast news hub now. trace, exactly how did this happen. >> well, the train was heading south from oakland to bakersfield. it crashed in a town called hanford which is 30 miles outside fresno it appears that a truck carrying a cotton by product actually blue through the signal and crashed into the train. it looks like three of the five railcars are off the track. you can see two of them there at a 45-degree angle. the people inside were tossed about. 169 on board. 40 i
into rally faded after the fed chairman ben bernanke defended a controversy program to buy up $40 billion in mortgage debt every month until employment improves. the slowing economic recovery forced the feds to resort to such unusual measures after lowering interest rates to next to nothing failed to turn things around. critics of the plan say it could lead to inflation in the future. an amtrak train has derailed in central california after officials say a big rig truck slammed right into it...
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Sep 29, 2012
09/12
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WRC
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. >> you worked closely with ben bernanke. what kind of a job do you think ben bernanke has done? >> i think ben, like everyone in the crisis has done what he thinks is right and i think he was heroic during the crisis. i worry now, though, that he's continuing these very accommodating monetary policies which have, i think, tremendous risk and there's just no evidence that they do much good for our domestic economy. >> so you don't like qe3? >> i think it's a very bad idea. inflation risk and the incentives to take risks are significant. >> former fdic chairman sheila bair. >>> we'll be right back. when it comes to getting my family to eat breakfast, i need all the help i can get. i tell them, "come straight to the table." i say, "it's breakfast time, not playtime." "there's fruit, milk and i'm putting a little nutella on your whole-wheat toast." funny, that last part gets through. [ male announcer ] serving nutella is quick and easy. its great taste comes from a unique combination of simple ingredients like hazelnuts, skim milk and a hint of cocoa. okay, plates in the sink, grab
. >> you worked closely with ben bernanke. what kind of a job do you think ben bernanke has done? >> i think ben, like everyone in the crisis has done what he thinks is right and i think he was heroic during the crisis. i worry now, though, that he's continuing these very accommodating monetary policies which have, i think, tremendous risk and there's just no evidence that they do much good for our domestic economy. >> so you don't like qe3? >> i think it's a very bad...
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Oct 3, 2012
10/12
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CNBC
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i would reappoint ben bernanke as chairman of the federal reserve. if it weren't for him, he would never have gotten out of the great depression to begin with. without bernanke, we have nationalized the banks and be stuck with unemployment over 10%. here's the bottom line. nobody asked me. i'm not running. i'm not part of any debate. but i stand for higher stock prices for all. if you elect me,ly put through my plan to switch to clean burning natural gases, lower taxes on dividend, educate the masses on money, clean up the skies, rebuild our infrastructure and reappoint bernanke to give liberty, justice and higher stock prices for all. that's a platform i could vote for, if only obama or romney would embrace it. lawrence in texas, lawrence? >> caller: jim, how are you doing? i have a question for you today regarding rpm. the earning report came out today. long or short in the stock? >> short that, you have to short that plentiful dividend. i never recommend that idea. you don't want to do that, boss. i was going to recommend this and then i felt that
i would reappoint ben bernanke as chairman of the federal reserve. if it weren't for him, he would never have gotten out of the great depression to begin with. without bernanke, we have nationalized the banks and be stuck with unemployment over 10%. here's the bottom line. nobody asked me. i'm not running. i'm not part of any debate. but i stand for higher stock prices for all. if you elect me,ly put through my plan to switch to clean burning natural gases, lower taxes on dividend, educate the...
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Oct 2, 2012
10/12
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CNNW
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>> we heard from ben bernanke yesterday. the federal reserve chief. he's a scholar of the great depression. he is pledging again, ladies, that we are going to avoid another great depression. he's promising to keep stimulus going until even after, even after the economy starts to recover to make sure we don't repeat the mistakes made into the 1930s, which is when we pulled our foot off the accelerator too soon in the economy, and just as it was starting to recover we started to tighten monetary policy and boom, threw the economy into the second great depression. the great depression scholar ben bernanke is trying everything we can to make suree don't fall down again. >> it's comforting to hear that, isn't it? >> well, some people are concerned that it will cause inflation down the road but everyone is trying to keep the ship staling right now. >> all right. and you've got road warriors? >> that's right. another road warriors for you. if you're a business traveler, looking to meet others while you're on a trip, good news. there are now plenty of apps an
>> we heard from ben bernanke yesterday. the federal reserve chief. he's a scholar of the great depression. he is pledging again, ladies, that we are going to avoid another great depression. he's promising to keep stimulus going until even after, even after the economy starts to recover to make sure we don't repeat the mistakes made into the 1930s, which is when we pulled our foot off the accelerator too soon in the economy, and just as it was starting to recover we started to tighten...
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Oct 1, 2012
10/12
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CNBC
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stocks gave back much of the gains after federal reserve chairman ben bernanke defended the central bank's latest bond buying stimulus program. is that a red flag that this fed-fueled rally is in trouble? top strategists are weigh in tonight. take a look at how we're finishing the day on wall street. as you can see, things settled out, dow jones industrial average held on to a double-digit move, although well off of that 161-point rally. the nasdaq went negative, although it, too, came back off of the worst levels finishing flat on the session. that had everything to do with apple. apple stock today down bringing the rest of the market down with it. it is in so many portfolios. s&p 500 up. it's the last day of the quarter of the year. we closed off the highs of the day. not a bad way to kick off the fourth quarter. is today's performance a good indicator of what's ahead? should investors be bracing for a rocky road going into year end? i bring in right now wells fargo adviser, chase investment council, peter, cnbc.com's jeff cox, our own rick santelli. good to see you all. thank you so muc
stocks gave back much of the gains after federal reserve chairman ben bernanke defended the central bank's latest bond buying stimulus program. is that a red flag that this fed-fueled rally is in trouble? top strategists are weigh in tonight. take a look at how we're finishing the day on wall street. as you can see, things settled out, dow jones industrial average held on to a double-digit move, although well off of that 161-point rally. the nasdaq went negative, although it, too, came back off...
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Sep 29, 2012
09/12
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KPIX
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. >> you worked closely with ben bernanke. what kind of a job do you think ben bernanke has done? >> i think ben, like everyone in the crisis has done what he thinks is right and i think he was heroic during the crisis. i worry now, though, that he's continuing these very accommodating monetary policies which have, i think, tremendous risk and there's just no evidence that they do much good for our domestic economy. >> so you don't like qe3? >> i think it's a very bad idea. inflation risk and the incentives to take risks are significant. >> former fdic chairman sheila bair. >>> we'll be right back. when it comes to getting my family to eat breakfast, i need all the help i can get. i tell them, "come straight to the table." i say, "it's breakfast time, not playtime." "there's fruit, milk and i'm putting a little nutella on your whole-wheat toast." funny, that last part gets through. [ male announcer ] serving nutella is quick and easy. its great taste comes from a unique combination of simple ingredients like hazelnuts, skim milk and a hint of cocoa. okay, plates in the sink, grab
. >> you worked closely with ben bernanke. what kind of a job do you think ben bernanke has done? >> i think ben, like everyone in the crisis has done what he thinks is right and i think he was heroic during the crisis. i worry now, though, that he's continuing these very accommodating monetary policies which have, i think, tremendous risk and there's just no evidence that they do much good for our domestic economy. >> so you don't like qe3? >> i think it's a very bad...
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Oct 3, 2012
10/12
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CNBC
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let's delve into these house price numbers, because there's a huge amount of focus out of ben bernanke, pointing to the sector. do you think we are seeing a turning point in housing? >> we've clearly seen a turning point. where the turning point actually begins is in the attitude of the individual homeowner who's thinking about buying or thinking about waiting. what has happened is there's just been a switch thrown and everybody who was thinking about it and stalling about it seems to be in the market either shopping with an eye toward doing it soon or has already picked up a house. so we have seen a tremendous attitude difference very recently here. >> how even is the recovery? because looking at the case, there were particular states and cities that weren't moving. core logic also shows that states are experiencing gains. is it an even pickup across the states? >> well, what's interesting is the markets that were the hardest hit with the highest ure rates have been ironically doing the best. so you have a city like phoenix, arizona, that no one would touch with a ten-foot stick, and
let's delve into these house price numbers, because there's a huge amount of focus out of ben bernanke, pointing to the sector. do you think we are seeing a turning point in housing? >> we've clearly seen a turning point. where the turning point actually begins is in the attitude of the individual homeowner who's thinking about buying or thinking about waiting. what has happened is there's just been a switch thrown and everybody who was thinking about it and stalling about it seems to be...
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Oct 1, 2012
10/12
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CNBC
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. >>> he was an advocate for open-ended qe long before fed chairman ben bernanke announced qe infinity. >> now chicago fed president charles evans is ready to take on critics of the plan. >>> we're kicking off the fourth quarter with the biggest bull of all the squawkmarket masters. the odds of hitting dow's 17,000 by the end of next year are looking better and better says jeremy siegel. the third hour of "squawk box" starts right now. ♪ >>> good morning again. welcome back to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin and our guest host has been craig barrett, the former chairman and ceo of intel, obviously we have a lot more to discuss with him but we also have many other big guests who are joining us through the hour, don't forget that this is the beginning of the fourth quarter, you can start it off with our portfolio strategy session, speaking with jeremy siegel about the market events likely to drive the fourth quarter including the november election. coming up at 8:30 a.m. eastern, cnbc's exclusive interview with chicago fed preside
. >>> he was an advocate for open-ended qe long before fed chairman ben bernanke announced qe infinity. >> now chicago fed president charles evans is ready to take on critics of the plan. >>> we're kicking off the fourth quarter with the biggest bull of all the squawkmarket masters. the odds of hitting dow's 17,000 by the end of next year are looking better and better says jeremy siegel. the third hour of "squawk box" starts right now. ♪ >>> good...
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Sep 25, 2012
09/12
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FOXNEWS
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it's amazing what soup can do. [ laughing ] [ laughing ] [ laughing ] [ laughing ] ♪ >> gretchen: ben bernanke said last week the fed's decision to increase cash flow was motivated by the need to get more americans back to work. fox friends friends is doing our rt. cheryl here with the companies hiring right now. we start with medifac. >> good morning. we as a nation, unfortunately, are getting heavier, obesity, orproblem in this country. there are a lot of companies that are benefitting from this. this is one of them. they are not only increasing their distribution operations, those that want to do the system at home can do it, but the centers. you can walk in, get that health care professional 150 jobs by the end of the year. i had the ceo on my show and i asked him kind of why the opportunity here and why he's growing. shear what he told me. >> we're coming out with a lot of new products. we've come out with 11 new products over the last three months. we're coming out with more in november. we've seen great success and we've been growing at over 20%. so our growth rate is high. >>
it's amazing what soup can do. [ laughing ] [ laughing ] [ laughing ] [ laughing ] ♪ >> gretchen: ben bernanke said last week the fed's decision to increase cash flow was motivated by the need to get more americans back to work. fox friends friends is doing our rt. cheryl here with the companies hiring right now. we start with medifac. >> good morning. we as a nation, unfortunately, are getting heavier, obesity, orproblem in this country. there are a lot of companies that are...
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Oct 2, 2012
10/12
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CNNW
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. >> this is ben bernanke the chairman of the federal reserve. and this is a friday you were saying? >> a thursday night. >> and he's saying if you didn't take emergency action. >> we would not have an economy by monday. >> what does that mean? >> it's a horrible prospect. it means everything would disintegrate in terms of financial transactions and the rest. we went out and said time is of the essence regardless of the fact there was a presidential election seven weeks away. this happened on the president's watch. he was suggesting a solution. i said we must work together in a bipartisan way to get this done. but the fact is is that they knew, they were withholding the information from congress because they were hoping to get to the election, in my view. but the fact is four years ago the end of september if we didn't act immediately, we would not have an economy by monday. that would have been a disaster for our country. so while we want to do more to help individual families and the republicans instructed that in the last two years, the fact i
. >> this is ben bernanke the chairman of the federal reserve. and this is a friday you were saying? >> a thursday night. >> and he's saying if you didn't take emergency action. >> we would not have an economy by monday. >> what does that mean? >> it's a horrible prospect. it means everything would disintegrate in terms of financial transactions and the rest. we went out and said time is of the essence regardless of the fact there was a presidential election...
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Sep 27, 2012
09/12
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CSPAN
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one from the romney campaign -- i don't know what they were thinking, after the fed stood there and ben bernanke held a news conference saying they're going to go through another round of quantitative easing, printing money. the message to donors was this -- the "barack obama is at it again, spending your tax dollars per "two things about that -- the fed is reducing the deficit and making huge profits returning record amounts of money to the treasury as a result of all their previous quantitative easing. so the opposite of spending your tax dollars is true. and of course the fed is legally independent and run by guy appointed by george w. bush. so this was so completely over the top that we decided we have to do a piece on that particular e-mail. pretty much these messages to true believers exceed what we have already defunct. >> we are out of time. thank you for your attention. we appreciate your questions. [applause] >> coming at 4:30, we will be live at the un for a speech from the president of libya. he will be speaking before the general assembly gathered this week. coverage starti
one from the romney campaign -- i don't know what they were thinking, after the fed stood there and ben bernanke held a news conference saying they're going to go through another round of quantitative easing, printing money. the message to donors was this -- the "barack obama is at it again, spending your tax dollars per "two things about that -- the fed is reducing the deficit and making huge profits returning record amounts of money to the treasury as a result of all their previous...
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Oct 1, 2012
10/12
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CNBC
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september ism in less than an hour as well as a speech from ben bernanke. >> two big downgrades on two big companies. microsoft says momentum will slow. >> and facebook's stock is up 30% from the july lows. >>> and julia boorstin with a sitdown with facebook's cheryl sandberg. >>> futures ant rise and the fourth quarter gets under way. major indices coming off a third quarter that was their best quarterly performance in two years. but there's a lot for wall street to digest this week waiting for today's monetary policy speech from bernanke. and the big jobs number is coming up on friday. it's been said that q3 was characterized by expectations from central banks, that we got what we wanted and that's not necessarily going to be the picture for this quarter. >> you're fighting worldwide feds. if you don't like the market, i understand expectations lowered along with estimates lowered. all you have to do is beat estimates even if they're lowered and you have the various feds behind you. still got a good market. >> evans this morning on "squawk" is few moments ago saying he'd like to see
september ism in less than an hour as well as a speech from ben bernanke. >> two big downgrades on two big companies. microsoft says momentum will slow. >> and facebook's stock is up 30% from the july lows. >>> and julia boorstin with a sitdown with facebook's cheryl sandberg. >>> futures ant rise and the fourth quarter gets under way. major indices coming off a third quarter that was their best quarterly performance in two years. but there's a lot for wall street...
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Oct 3, 2012
10/12
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CNBC
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. >> ben bernanke sets up as the world's leading authority on the 1930s. why do we talk about nonstop about the 1930s? are they necessarily relevant? no, i answer my own question. let us allow markets to clear. how is that just for a start? >> so can a politician allow that? >> yes. >> i mean, let's talk about this a second. the politicians are looking at 8% unemployment rates. they've got to look like they're trying do something to bring that down. after all, they're -- >> but they're not. >> well -- they -- they haven't approved of any real legislation. so they're badgering the feds to do something about it. >> right. well, jim, you work for a living, right? >> i think so. >> you run businesses. does the uncertainty about what they are going to do next quarter with respect to the cost of money, with respect to qe end? does that help? does that embolden i was trying to say to you. >> that's okay. >> i just know what they are saying. >>> when we come back, we have at optionsxpress we're all about options trading. we create easy to use, powerful trading too
. >> ben bernanke sets up as the world's leading authority on the 1930s. why do we talk about nonstop about the 1930s? are they necessarily relevant? no, i answer my own question. let us allow markets to clear. how is that just for a start? >> so can a politician allow that? >> yes. >> i mean, let's talk about this a second. the politicians are looking at 8% unemployment rates. they've got to look like they're trying do something to bring that down. after all, they're --...